Entropy Technologies LP Has $3.42 Million Position in Planet Labs PBC $PL

Entropy Technologies LP increased its position in shares of Planet Labs PBC (NYSE:PL) by 315.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,315 shares of the company’s stock after purchasing an additional 131,615 shares during the period. Entropy Technologies LP’s holdings in Planet Labs PBC were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PL. Parkside Financial Bank & Trust lifted its holdings in Planet Labs PBC by 92.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares during the last quarter. Baillie Gifford & Co. bought a new position in Planet Labs PBC during the 4th quarter worth $32,000. Larson Financial Group LLC bought a new position in Planet Labs PBC during the 3rd quarter worth $39,000. GAMMA Investing LLC increased its stake in Planet Labs PBC by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after acquiring an additional 1,195 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Planet Labs PBC by 1,111.1% during the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after acquiring an additional 2,000 shares during the period. 41.71% of the stock is owned by institutional investors and hedge funds.

More Planet Labs PBC News

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet Labs is benefiting from a broad rally in space-related stocks as investors rotate into the sector ahead of SpaceX’s highly anticipated IPO. Planet Labs Stock Skyrockets Ahead Of SpaceX’s Friday IPO
• Positive Sentiment: Recent commentary says Planet Labs’ strong results and fresh catalysts could offer upside as investors position for the second half of 2025. 3 Stocks With Fresh Catalysts to Watch Before July 4 (PL)
• Positive Sentiment: Planet Labs is using its AIRS initiative to connect satellite data with sustainability use cases, which could expand commercial opportunities over time. Planet Labs Uses AIRS Initiative To Link Satellite Data With Sustainability
• Neutral Sentiment: Analyst note activity included mixed estimate changes from Northland Securities, reflecting some near-term uncertainty but no major change in the longer-term story. Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Equifax (EFX) and Planet Labs PBC (PL)
• Negative Sentiment: Northland Securities lowered some future EPS estimates for Planet Labs, which could weigh on sentiment by highlighting continued profitability challenges. Analyst estimate updates for Planet Labs PBC (PL)

Insiders Place Their Bets

In related news, insider Robert H. Schingler sold 73,683 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the sale, the insider owned 256,488 shares in the company, valued at $8,995,034.16. The trade was a 22.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total value of $7,020,000.00. Following the sale, the chief financial officer owned 1,895,162 shares in the company, valued at $66,520,186.20. This represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PL. New Street Research began coverage on Planet Labs PBC in a research note on Wednesday, May 13th. They set a “sell” rating and a $28.00 price objective on the stock. Needham & Company LLC raised their price objective on Planet Labs PBC from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $38.00 price objective on Planet Labs PBC and gave the stock a “buy” rating in a research note on Friday, March 27th. Citigroup raised their price objective on Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Morgan Stanley raised their price objective on Planet Labs PBC from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.28.

Planet Labs PBC Trading Up 0.0%

Shares of PL opened at $31.16 on Monday. Planet Labs PBC has a 52-week low of $4.90 and a 52-week high of $51.76. The business’s fifty day moving average is $38.99 and its 200-day moving average is $28.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of -27.34 and a beta of 1.99.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings data on Thursday, June 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $94.15 million for the quarter, compared to analyst estimates of $90.39 million. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The business’s quarterly revenue was up 42.1% compared to the same quarter last year. Equities analysts anticipate that Planet Labs PBC will post -0.81 EPS for the current fiscal year.

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.